Northgate Commerce Pkwy Suffolk, VA 23435

Property Details for 0 Northgate Commerce Pkwy

Lot size

5.42 lot acres

Property type

Land

Description

This exceptional 5.42-acre commercial land parcel in Suffolk, Virginia, presents a unique investment opportunity. Located at the entrance of Northgate Commerce Park, the property boasts convenient road frontage on both Nansemond Parkway and Northgate Commerce Parkway. The site is fully cleared and ready for development, with existing utilities, a completed master stormwater retention system, and an access road already in place. This strategic location offers unparalleled access to major transportation arteries, including I-664 (approximately 2.5 miles west), I-64, I-264, US 58, and US 460, placing businesses within easy reach of a vast consumer base and regional distribution networks. The property's proximity to Chesapeake Square Mall and other retail establishments further enhances its appeal. The site benefits from a significant infrastructure investment exceeding $20 million, including a recently completed four-lane signalized entrance road and a $24 million road widening project extending to I-664. Furthermore, there's potential for up-zoning the acreage facing Nansemond Parkway to B-2, expanding development possibilities to include additional retail and commercial uses. The park's location along the Mid-Atlantic, near the Port of Virginia, provides excellent access to Virginia International Terminals and Virginia International Gateway, offering significant advantages for businesses involved in import/export activities. The property is also Foreign Trade Zone eligible, potentially offering further tax benefits. The M-2 zoning designation allows for a wide range of commercial uses, making this a highly versatile and attractive investment. The low drayage rates in the region represent a significant cost advantage for businesses operating from this location.

Location Insight

City

Suffolk

County

Suffolk city

State

Virginia

Longitude

-76.4744

Latitude

36.8129